SPAC Update – May 14

– GSRVU $200 million IPO
– PTACU $200 million IPO
– IRAB / Freedom Metals LOI terminated
– CAEP stockholders approved AIR deal, 22.4 million shares (81.0%) redeemed, 5.2 million shares remain, NAV $10.45
– MBAV filed DEFM14a for ReserveOne deal, vote June 15, NAV $10.74
– SVAC filed F-4/a for General Fusion deal
– BCAR filed S-4 for Exascale Labs deal
– GPAT stockholders approved deadline extension to Nov 13 2026, 19.8 million shares redeemed, 9.0 million shares remain, NAV $10.89
– SIMA stockholders approved deadline extension to July 12 2027, 22.4 million shares redeemed, 553k shares remain, NAV $10.79
– BSAA redemption